UK 'exceeded expectations' for Insight in Q4

Net sales across EMEA in 2014 up five per cent year on year

Insight has pointed to its UK business as one of the best-performing units across EMEA as it reports its Q4 results.

Net sales across EMEA for the full year rose five per cent annually to $1.5bn (£976m) thanks to "healthy" growth in hardware and services sales, it said. Insight's UK, Dutch and Italian businesses were pinpointed as star performers in the region.

"For the full year, top-line and earnings performance exceeded our expectations in EMEA particularly in the UK, Netherlands and Italy," said Insight's chief executive Ken Lamneck. "And by client group we saw accelerated growth in the mid-market and public sector during the year."

Across the company as a whole, in Q4 – which ended on 31 December – net profit was down five per cent annually to $19.48m on consolidated net sales which grew four per cent to $1.45bn over the same period.

For the full year, net profit rose seven per cent to $75.68m on consolidated net sales which were up on last year by three per cent to $5.3bn.

Lamneck said 2014's performance was solid.

"I am optimistic about the opportunities available to us to bring value to our clients, partners, teammates and shareholders in 2015 and beyond," he said. "The IT industry is healthy, and we believe that our global scale, datacentre software and services capabilities position us well to compete in the marketplace this year.

"We closed out 2014 with another quarter of solid sales execution in each of our operating segments."